Write-Off CatalogConsulting & Advisory Transition
Covenant Not to Compete
$1344-$6720
Covenant Not to Compete — Consulting & Advisory Transition for Baby Boomer business owners
Covenant Not to Compete
Typical range: $1344-$6720
Consulting Transition
Covenant Not to Compete — Consulting & Advisory Transition for Baby Boomer business owners
Business justification
Consulting and advisory services after business exit may be deductible depending on the arrangement. Post-sale consulting fees received are taxable income. Non-compete agreement payments received may be taxed as ordinary income or capital gain depending on the agreement structure. Knowledge transfer and training services are ordinary income. Board and advisory fees are taxable compensation. Proper tax treatment depends on the specific agreement and IRS guidance.
Category
- Consulting & Advisory Transition